3402 Three Oaks DrFort WayneIN46809
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3402 Three Oaks Dr, Fort Wayne, IN, 46809 in Fort Wayne is a solid income-producing rental, 8.54% gross yield, $1,813/mo rent, $283/mo net cash flow on a $254,900 buy. DSCR 1.58 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $70,424 and $2,348/yr in principal reduction project a total cumulative return of $114,675.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.8% |
| Monthly Cash Flow | $283 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,813 |
| Total Monthly Debt Service | $1,429 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1956
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Housing Distribution
Address Breakdown
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1956
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Housing Distribution
Address Breakdown
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachel Johnson • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202540059